Agriculture Risk Coverage and Price Loss Coverage Programs and Noninsured Crop Assistance Program; Correction

• Published date: 23 March 2020
• Citation: 85 FR 16231
• Record Number: 2020-05399
• Section: Rules and Regulations
• Court: Commodity Credit Corporation

16231

Federal Register / Vol. 85, No. 56 / Monday, March 23, 2020 / Rules and Regulations

of submitting the background form

would be offset by the benefits of

additional representation on the Board.

As with all Federal promotion

programs, reports and forms are

periodically reviewed to reduce

information requirements and

duplication by industry and public

sector agencies. USDA has not

identified any relevant Federal rules

that duplicate, overlap, or conflict with

this rule.

AMS is committed to complying with

the E-Government Act, to promote the

use of the internet and other

information technologies to provide

increased opportunities for citizen

access to Government information and

services, and for other purposes.

Regarding outreach efforts, the Board

discussed Missouri’s peanut production

level at its December 4–5, 2018 meeting.

All the Board’s meetings are open to the

public and interested persons are

invited to participate and express their

views. The Board notified the primary

peanut-producing States (Georgia,

Alabama, Texas, Florida, North

Carolina, South Carolina, Mississippi,

Arkansas, Virginia, Oklahoma and New

Mexico) of Missouri’s production

numbers by disseminating information

through the Board’s weekly newsletter,

which is titled News in a Nutshell. The

Board voted on August 28, 2019, to

recommend adding the State of Missouri

as a primary peanut-producing state.

A proposed rule concerning this

action was published in the Federal

Register on December 2, 2019 (84 FR

65929). A 30-day comment period

ending on January 2, 2020, was

provided to allow interested persons to

respond to the proposal.

Analysis of Comments

Four comments were received in

response to the proposed rule. Two

comments support the proposal. The

other two comments expressed concern

about the use of taxpayer dollars to fund

the peanut Order.

Both commenters in support of the

proposal pointed out that the Board’s

activities are fully funded by peanut

farmers and not by taxpayers. These

commenters explained that the Order

supports activities that benefit the entire

peanut industry, such as research to

reduce production costs and improve

quality and yield, and research about

nutrition. One commenter stated that

Missouri served on the Board as the at-

large producer member in 2019, and

that its average production over the last

three years justifies its addition to the

list of primary producing States. Both

commenters agree that farmers will

continue to benefit from Board activities

under the Order.

Two commenters expressed concern

regarding the use of taxpayer dollars to

fund the peanut Order. However, the

Order, which is authorized under the

1996 Act and administered by the Board

for the benefit of the peanut industry, is

funded through assessments paid by

peanut producers, as described in the

Final Regulatory Flexibility Analysis

section of this document. The peanut

program does not receive taxpayer

funds. Further, AMS charges the Board

user fees for administrative oversight of

the program.

One commenter suggested that

Missouri should not be added to the

Board because it produces a small

amount of peanuts. However, as

described in the proposed rule, Missouri

maintained a three-year average

production of at least 10,000 tons of

peanuts, qualifying it as a primary

peanut-producing State under the Order

and producer membership on the Board.

Therefore, Missouri is being added as a

primary peanut-producing State on the

Board. USDA has considered all

comments received and has not made

any changes to the rule as proposed

based on those comments.

After consideration of all relevant

matters presented, including the

information and recommendation

submitted by the Board and other

available information, it is hereby found

that this rule, as hereinafter set forth, is

consistent with and will effectuate the

purposes of the 1996 Act.

List of Subjects in 7 CFR Part 1216

Administrative practice and

procedure, Advertising, Consumer

information, Marketing agreements,

Reporting and recordkeeping

requirements, Peanut promotion.

For the reasons set forth in the

preamble, amend 7 CFR part 1216 as

follows:

PART 1216—PEANUT PROMOTION,

RESEARCH, AND INFORMATION

ORDER

■1. The authority citation for 7 CFR

part 1216 continues to read as follows:

Authority: 7 U.S.C. 7411–7425; 7 U.S.C.

7401.

■2. Revise § 1216.15 to read as follows:

§ 1216.15 Minor peanut-producing states.

Minor peanut-producing states means

all peanut-producing states with the

exception of Alabama, Arkansas,

Florida, Georgia, Mississippi, Missouri,

New Mexico, North Carolina,

Oklahoma, South Carolina, Texas and

Virginia.

■3. Revise § 1216.21 to read as follows:

§ 1216.21 Primary peanut-producing

states.

Primary peanut-producing states

means Alabama, Arkansas, Florida,

Georgia, Mississippi, Missouri, New

Mexico, North Carolina, Oklahoma,

South Carolina, Texas and Virginia,

Provided, these states maintain a 3-year

average production of at least 10,000

tons of peanuts.

■4. Amend § 1216.40 by revising

paragraph (a) introductory text and

paragraph (a)(1) to read as follows:

§ 1216.40 Establishment and membership.

(a) Establishment of a National

Peanut Board. There is hereby

established a National Peanut Board,

hereinafter called the Board, composed

of no more than 13 peanut producers

and alternates, appointed by the

Secretary from nominations as follows:

(1) Twelve members and alternates.

One member and one alternate shall be

appointed from each primary peanut-

producing state, who are producers and

whose nominations have been

submitted by certified peanut producer

organizations within a primary peanut-

producing state.

* * * * *

Dated: March 10, 2020.

Bruce Summers,

Administrator, Agricultural Marketing

Service.

[FR Doc. 2020–05224 Filed 3–20–20; 8:45 am]

BILLING CODE 3410–02–P

DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

7 CFR Parts 1412 and 1437

[Docket No. CCC–2019–0005; Docket ID

FSA–2019–0008]

RIN 0560–AI45; 0560–AI48

Agriculture Risk Coverage and Price

Loss Coverage Programs and

Noninsured Crop Assistance Program;

Correction

AGENCY

: Commodity Credit Corporation

and Farm Service Agency, USDA.

ACTION

: Correcting amendment.

SUMMARY

: This document corrects

regulations that were published in the

Federal Register on September 3, 2019,

and March 2, 2020. The rules revised

the Agriculture Risk Coverage (ARC)

and Price Loss Coverage (PLC) Programs

and Noninsured Crop Assistance

Program (NAP) to implement changes

required by the Agriculture

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16232

Federal Register / Vol. 85, No. 56 / Monday, March 23, 2020 / Rules and Regulations

Improvement Act of 2018 (the 2018

Farm Bill). There were errors in three of

the definitions in ARC and PLC program

rule. The Commodity Credit

Corporation (CCC) is also correcting one

sentence in the NAP rule.

DATES

: Effective March 23, 2020.

FOR FURTHER INFORMATION CONTACT

:

Mary Ann Ball; telephone: (202) 720–

4283, email address: maryann.ball@

usda.gov. Persons with disabilities who

require alternative means for

communication should contact the

USDA Target Center at (202) 720–2600

(voice only).

SUPPLEMENTARY INFORMATION

:

Correcting Amendment to Regulations

The ARC and PLC final rule was

published in the Federal Register on

September 3, 2019 (84 FR 45877–

45895). CCC made an error in the

definitions of ‘‘ARC guarantee,’’

‘‘Benchmark revenue for ARC–IC,’’ and

‘‘Temperate japonica rice’’ in the final

rule. In the definition for ARC

guarantee, the phrase ‘‘86 percent of the

benchmark revenue’’ was removed the

first time it appeared in the definition,

but it should have been specified as the

second occurrence in the definition that

was no longer needed. In the definition

for Benchmark revenue for ARC–IC,

there was a typo. In the definition of

Temperate japonica rice, paragraph (2)

needed to be changed to be consistent

with section 1106 of the 2018 Farm Bill.

This rule corrects those errors.

The NAP final rule was published in

the Federal Register on March 2, 2020

(85 FR 12213–12221). The last sentence

needs to be revised in § 1437.8(a) in

NAP regulation.

List of Subjects

7 CFR Part 1412

Cotton, Feed grains, Oilseeds,

Peanuts, Price support programs,

Reporting and recordkeeping

requirements, Rice, Soil conservation,

Wheat.

7 CFR Part 1437

Acreage allotments, Agricultural

commodities, Crop insurance, Disaster

assistance, Fraud, Penalties, Reporting

and recordkeeping requirements.

For the reasons discussed above, CCC

corrects 7 CFR parts 1412 and 1437 as

follows:

PART 1412—AGRICULTURE RISK

COVERAGE, PRICE LOSS COVERAGE,

AND COTTON TRANSITION

ASSISTANCE PROGRAMS

■1. The authority citation for part 1412

continues to read as follows:

Authority: 7 U.S.C. 1508b, 7911–7912,

7916, 8702, 8711–8712, 8751–8752, and 15

U.S.C. 714b and 714c.

Subpart D—ARC and PLC Contract

Terms and Enrollment Provisions for

Covered Commodities

■2. Amend § 1412.3 as follows:

■a. Revise the definition of ‘‘ARC

guarantee’’;

■b. In the definition of ‘‘Benchmark

revenue for ARC–IC’’, remove the word

‘‘allcovered’’ and add the words ‘‘all

covered’’ in its place; and

■c. In the definition of ‘‘Temperate

japonica rice’’, revise paragraph (2).

The revisions read as follows:

§ 1412.3 Definitions.

* * * * *

ARC guarantee is calculated for a crop

year for a covered commodity, and is

equal to 86 percent of the benchmark

revenue for ARC–CO and ARC–IC, as

defined in this part.

* * * * *

Temperate japonica rice ***

(2) Establishment of a reference price

equal to the medium grain rice reference

price multiplied by the ratio obtained by

dividing:

(i) The simple average of the

marketing year average price of medium

grain rice from the 2012 through 2016

crop years, by

(ii) The simple average of the

marketing year average price of all rice

from the 2012 through 2016 crop years;

and

* * * * *

PART 1437—NONINSURED CROP

DISASTER ASSISTANCE PROGRAM

■3. The authority citation for part 1437

continues to read as follows:

Authority: 7 U.S.C. 1501–1508 and 7333;

15 U.S.C. 714–714m; 19 U.S.C. 2497, and 48

U.S.C. 1469a.

Subpart A—General Provisions

■4. Amend § 1437.8 by revising the last

sentence in paragraph (a) introductory

text to read as follows:

§ 1437.8 Records.

(a) * * * Certifications must be

accompanied by a record of production;

records of production acceptable to FSA

may include:

* * * * *

Robert Stephenson,

Executive Vice President, Commodity Credit

Corporation.

In accordance:

Richard Fordyce,

Administrator, Farm Service Agency.

[FR Doc. 2020–05399 Filed 3–20–20; 8:45 am]

BILLING CODE 3410–05–P

DEPARTMENT OF TREASURY

Office of the Comptroller of the

Currency

12 CFR Part 3

[Docket No. OCC–2020–0011]

RIN 1557–AE83

FEDERAL RESERVE SYSTEM

12 CFR Part 217

[Regulation Q; Docket No. R–1705]

RIN 7100–AF79

FEDERAL DEPOSIT INSURANCE

CORPORATION

12 CFR Part 324

RIN 3064–AF41

Regulatory Capital Rule: Money Market

Mutual Fund Liquidity Facility

AGENCY

: Board of Governors of the

Federal Reserve System (Board), Office

of the Comptroller of the Currency

(OCC), and Federal Deposit Insurance

Corporation (FDIC).

ACTION

: Interim final rule and request

for comment.

SUMMARY

: To provide liquidity to the

money market sector to help stabilize

the financial system, the Board of

Governors of the Federal Reserve

System authorized the Federal Reserve

Bank of Boston to establish the Money

Market Mutual Fund Liquidity Facility

(MMLF), pursuant to section 13(3) of the

Federal Reserve Act. Under the MMLF,

the Federal Reserve Bank of Boston will

extend non-recourse loans to eligible

financial institutions to purchase certain

types of assets from money market

mutual funds (MMFs). To facilitate this

Federal Reserve lending program, the

Board, OCC and FDIC (together, the

agencies) are adopting this interim final

rule to allow banking organizations to

neutralize the regulatory capital effects

of participating in the program. This

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